Technology

Monitise has picked up some well-heeled backers to fuel its move into global markets, as MasterCard, Telefonica and Santander join to take a stake in the mobile technology company.

Bankers can prepare for the eventual dominance of mobile technology by investing in interactive videos and moving away from monolithic applications.

Real-time payment systems must be interoperable if they are to succeed, Fiserv says. To this end, the vendor wants to enable an open network, but it faces stiff competition.

The annual Cyber Monday shopping holiday is a boon to mobile payments, but remains a significant challenge for e-commerce security.

Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations.

U.S. Bancorp recently began offering paperless account opening after seeing good results from electronically signed and documented lending. Yet a large segment of the industry still hesitates to use this technology, for legal, technical and cultural reasons.

Banco del Pacifico has announced plans to deploy two types of automated teller machines to help serve the underbanked in Ecuador.

Apple Pay launched in late October, facing a few early hiccups and an unclear future. But in the month of November, Apple's strategy began to come into focus even as competitors closed in.

The CFPB's proposed requirements threaten to trap next-generation digital wallets and cryptocurrency innovations in a consumer protection regime narrowly tailored to the unique characteristics of reloadable prepaid cards.

Seeing an opportunity to advance international and online debit transactions and take advantage of a growing mobile payment market, MasterCard is working to establish a debit card presence next year in Canada.